Market Overview

US Stock Futures Mixed Ahead Of Home-Sales Data

US Stock Futures Mixed Ahead Of Home-Sales Data
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Pre-open movers

US stock futures traded higher in early pre-market trade, ahead of new home-sales data. Data on new home sales for April will be released at 10:00 a.m. ET. Futures for the Dow Jones Industrial Average gained 3 points to 16,470.00, while the Standard & Poor's 500 index futures fell 0.60 points to 1,871.20. Futures for the Nasdaq 100 index declined 8.25 points to 3,555.50.

A Peek Into Global Markets In European markets, the Spanish Ibex Index fell 0.08%, London's FTSE 100 index lost 0.30% and STOXX Europe 600 Index dropped 0.10%. German DAX 30 index rose 0.19% and French CAC 40 Index gained 0.03%.

In Asian markets, Japan's Nikkei Stock Average gained 0.87%, Hong Kong's Hang Seng Index rose 0.05%, China's Shanghai Composite gained 0.66% and India's BSE Index rose 1.31%.

Broker Recommendation

Analysts at JP Morgan upgraded RTI International Metals, Inc. (NYSE: RTI) from “neutral” to “overweight.” The target price for RTI International Metals has been raised from $32 to $34. RTI International Metals' shares closed at $24.31 yesterday.

Breaking news

  • Wireless connectivity chipset shipments for Bluetooth, Wi-Fi, NFC, and GPS are expected to reach nearly nine billion by 2019, according to a report from ABI Research. To read the full news, click here.
  • Samsung (OTC: SSNLF) and LG are reportedly now considering using sapphire crystal displays, according to Korean media, as reported by PhoneArena. To read the full news, click here.
  • On Friday, General Valery Gerasimov, Russia's chief of general staff of the armed forces, remarked that the Kremlin would respond to increased activity near the Russian border. To read the full news, click here.

Posted-In: Analyst Name US Stock FuturesNews Eurozone Futures Global Pre-Market Outlook Markets


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